SoFi has quietly built a lineup of five exchange-traded funds (ETFs), and if you use a SoFi Invest account, these funds may be among the first investments you encounter. But just because an ETF is offered prominently inside your brokerage app does not mean it is automatically the best choice.

Some SoFi ETFs are inexpensive and broadly diversified. Others are more specialized, expensive, or based on investment ideas that have yet to establish a long-term track record.

So which ones are actually worth owning?

Here is a breakdown of all five SoFi ETFs, ranked from least useful to most useful, along with the biggest catch investors should understand before buying them.

SoFi ETFs Ranked From #5 to #1

The five funds take very different approaches. There is a covered-call income fund, a retail-investor sentiment fund, an artificial intelligence thematic ETF, an options-based income strategy, and a broad U.S. equity fund.

That makes it important to understand what you are actually buying rather than assuming all SoFi ETFs serve the same purpose.

#5: SFYI – SoFi Social 50 Income ETF

SFYI, the SoFi Social 50 Income ETF, combines two ideas: investing in stocks popular among SoFi investors and generating income by selling covered calls.

The fund looks at the 50 stocks most widely held by users of SoFi Invest. Its holdings can include major companies such as Tesla, Nvidia, Amazon, AMD, and Micron.

On top of those stocks, the fund uses a covered-call strategy designed to generate income from options premiums.

In simple terms, you get exposure to stocks that are popular with retail investors while the fund attempts to generate additional monthly income through options.

That sounds interesting, but there are some significant drawbacks.

SFYI has an expense ratio of 0.72%, making it the most expensive of the five SoFi ETFs. The fund is also very small, which can mean lower trading volume and potentially wider bid-ask spreads.

There is also the issue of track record. A relatively new fund has not had enough time to demonstrate whether its particular combination of retail-investor sentiment and covered calls can deliver attractive long-term results.

For investors specifically looking for a covered-call income strategy, SFYI may be worth researching. However, there are established alternatives in this category that have longer track records and may charge less.

For most investors, SFYI is the easiest SoFi ETF to skip.

Ranking: #5

#4: SFYF – SoFi Social 50 ETF

SFYF takes the same basic stock-selection concept as SFYI but removes the covered-call strategy.

The fund holds 50 stocks that are particularly popular among SoFi investors, with the individual holdings weighted according to the amount invested by SoFi users. The portfolio is rebalanced monthly.

So if SoFi investors are heavily invested in Tesla, Nvidia, Amazon, AMD, or Micron, those companies can have significant representation in the fund.

The expense ratio is 0.29%, which is considerably lower than SFYI’s but still more expensive than many broad-market ETFs.

The bigger question is whether retail-investor popularity is actually a reliable investment factor.

There is extensive research supporting factors such as value, quality, momentum, and low volatility. The same cannot be said for the idea that stocks popular with retail investors will consistently outperform over long periods.

In fact, retail investors can sometimes become heavily concentrated in companies after those stocks have already experienced substantial gains.

SFYF could perform very well during periods when its favorite stocks are in favor. However, building a decades-long investment strategy around retail popularity is difficult to justify when you can obtain many of the same companies through a conventional large-cap index fund.

SFYF is certainly an interesting concept, but interesting does not necessarily mean essential.

Ranking: #4

#3: AGIQ – SoFi Ascending AI ETF

AGIQ is the thematic option among the SoFi ETFs.

The fund focuses on companies involved in agentic AI, which refers to artificial intelligence systems capable of taking actions and completing tasks more autonomously rather than simply responding to prompts.

Think autonomous vehicles, robotics, AI agents, and other technologies designed to operate with greater independence.

AGIQ holds roughly 25 to 27 U.S.-listed companies that meet its criteria for exposure to this emerging AI theme. Its holdings can include Nvidia, Tesla, Salesforce, Alphabet, and Deere.

The expense ratio is 0.69%.

The appeal is obvious: instead of researching and buying individual AI-related companies, an investor can get concentrated exposure to the theme through one ETF.

The problem is that thematic ETFs can be risky. They often become popular when a particular investment story is already attracting substantial attention. If expectations get ahead of reality, the ETF can suffer when enthusiasm fades.

That does not mean AGIQ is necessarily a bad fund. It simply means it should be viewed differently from a diversified core portfolio holding.

If you already own broad U.S. equities and want a relatively small allocation toward AI, AGIQ could make sense as a satellite position. But using a thematic ETF like this as the foundation of your portfolio would introduce considerably more concentration and risk.

Ranking: #3

#2: DHDA – SoFi Enhanced Yield ETF

This is where the SoFi lineup gets much more unusual.

DHDA is not a traditional stock ETF. It also isn’t simply a conventional bond fund.

The fund holds short-duration U.S. Treasury securities as its underlying assets. It then uses those securities as collateral while employing an options strategy involving major stock indexes.

The strategy involves selling credit spreads, allowing the fund to collect options premiums. In theory, this creates another source of income on top of the interest generated by the Treasury holdings.

The expense ratio is 0.61%.

One reason DHDA stands out is that options-based income strategies of this type are often associated with more sophisticated investors and alternative investment strategies. An ETF makes the approach accessible through a regular brokerage account.

However, investors should not confuse a high distribution with a high return.

The fund’s strategy can generate substantial income, but selling options also introduces risks. When the strategy moves against the fund, the value of the portfolio can be affected.

This is particularly important because DHDA is designed primarily as an income product rather than a traditional long-term growth fund.

If you buy it expecting its share price to behave like a broad stock-market ETF and steadily appreciate over time, you may be disappointed.

But if your objective is generating an alternative source of income and you understand the risks associated with the strategy, DHDA is arguably the most differentiated of the SoFi ETFs.

It is also the one that is hardest to compare directly with a conventional Vanguard or Schwab index fund.

Ranking: #2

#1: SFY – SoFi Select 500 ETF

For most investors, SFY is the standout among the SoFi ETFs.

SFY is designed to provide broad exposure to large U.S. companies, making it the closest thing in the lineup to a traditional core equity ETF.

However, there is a twist.

Rather than simply weighting companies strictly according to market capitalization, SFY uses a methodology that combines company size with growth characteristics such as earnings and sales growth.

That gives the fund a growth tilt.

Its holdings include many of the companies investors would expect to see in a large-cap U.S. portfolio, including Nvidia, Apple, Microsoft, Broadcom, Amazon, and Alphabet.

Because of its methodology, SFY can have a greater technology exposure than a traditional S&P 500 fund. That’s worth considering if you already have significant exposure to technology stocks elsewhere.

The biggest attraction, though, is the cost.

SFY has an expense ratio of 0.05%, which is extremely low and makes it competitive with some of the largest index ETFs available.

For someone who wants a straightforward core U.S. equity holding and already uses SoFi Invest, SFY is the strongest candidate in the lineup.

Ranking: #1

The Biggest Catch With SoFi ETFs

SFY’s extremely low 0.05% expense ratio looks great, but there is an important detail investors should understand.

The 0.05% rate is tied to a contractual fee waiver rather than necessarily representing the fund’s permanent underlying expense structure.

In other words, SoFi can waive part of the fund’s expenses to keep the headline cost competitive. The waiver has been extended, but there is no guarantee that the reduced rate will remain in place forever.

That doesn’t make SFY a bad investment. It simply means investors should understand the difference between a current promotional or contractual expense rate and a permanent expense structure.

This is particularly relevant when comparing SFY with an established ultra-low-cost index fund whose expense ratio is not dependent on the same type of waiver.

SoFi ETFs Aren’t Just for SoFi Customers

Another useful thing to know is that you don’t have to use SoFi Invest to buy these ETFs.

Like other publicly traded ETFs, SoFi ETFs can generally be purchased through many major brokerages.

That means buying one doesn’t lock you into SoFi forever. If you later move your investments to another brokerage, you can generally transfer your ETF shares rather than selling them simply because you changed platforms.

This is an important distinction between the investment product and the brokerage offering it.

Your brokerage may make certain funds highly visible, but the fund itself is still an investment that should be evaluated independently.

How the Five SoFi ETFs Compare

The important takeaway is that these funds aren’t interchangeable. Each one is trying to accomplish something different.

Which SoFi ETFs Are Actually Worth It?

If you’re looking at SoFi ETFs and trying to decide where they fit in a portfolio, the answer depends heavily on your objective.

SFY is the strongest all-around choice. It is inexpensive, broadly diversified across large U.S. companies, and suitable as a potential core holding.

DHDA is the most interesting specialized option. Its options-based income strategy makes it fundamentally different from a standard stock ETF, but that also means investors need to understand the risks and accept that it is not designed primarily for capital growth.

AGIQ is more of a satellite investment. If you have a strong long-term belief in AI and already have diversified equity exposure, a smaller allocation could make sense for some investors.

SFYF is more difficult to justify as a long-term core holding because its underlying investment thesis is based on the popularity of stocks among SoFi users.

SFYI is the easiest to leave on the shelf for now. Its combination of a high expense ratio, small size, covered calls, and limited track record makes it harder to recommend when established alternatives are available.

The Bottom Line

The biggest mistake investors can make with SoFi ETFs is assuming that because a fund appears prominently inside their brokerage app, it must automatically be a good investment.

That’s not how it works.

These are products, and they need to be evaluated based on their costs, strategies, risks, diversification, and long-term objectives.

Among the five SoFi ETFs, SFY is the clear choice for a core U.S. equity position. Its low expense ratio and broad exposure make it the closest thing in the lineup to a traditional workhorse fund.

DHDA is the most unique, but it should only appeal to investors who specifically understand and want an alternative income strategy.

AGIQ can be viewed as a higher-risk thematic bet, while SFYF and SFYI are more niche products that most long-term investors can probably live without.

Ultimately, the best ETF isn’t necessarily the one with the most exciting name or the one featured most prominently in your favorite investing app. It’s the one whose strategy, cost, risk, and expected role in your portfolio make sense for your own investment goals.